Updated Dec 4, 2024
Capstone Companies Facilitates $2.56M Sale Of Creekside Apartments In Grand Junction
515 28 Road
$2,560,000
Units
24
Asset Type
MultiFamily
Closing
May 24, 2024
About this deal
AI
The Creekside Apartments in Grand Junction, Colorado, consisting of 24 units, were sold for $2,560,000. The property is located at 515 28 ½ Road in the Grand Junction market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,560,000
- Units: 24
- Price Per Unit: $106,667
- Brokers: Austin Smith & Benton Adams - Capstone Companies
Capstone Companies played a key role in facilitating the sale of the Creekside Apartments. Their brokers, Austin Smith and Benton Adams, were instrumental in completing the transaction.
On the Map
$2,560,000
MultiFamily
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Players
Grand Junction MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.20%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93